AN ACT relating to tax increment financing.
Amend KRS 154.30-050 to allow the Kentucky Economic Development Finance Authority to reduce the minimum capital investment required on certain signature TIF projects with an existing agreement from $200 million to $150 million.

HFA (1, R. Palumbo) - Delete original new language and replace it with language that allows the minimum capital investment for signature projects to be reduced from $200 million to $150 million in limited cases; require that the reduction be subject to a corresponding adjustment of the maximum incremental revenue available for recovery.